Intraday time signals for highly potential reversal/pullback/breakout periods are:
1. GBP/JPY ~ 12:00 GMT (timeframe: +/- 1hr)
2. GBP/JPY ~ 15:00 GMT (timeframe: +/- 1hr)
This could also mean that the related pairs i.e. GBP/USD and/or USD/JPY provide us with some good trading opportunities.
We'll mark these timings now with a vertical line on a M30/H1 chart and wait for any tradable patterns such as a pinbar, inside bar or an outside bar to develop (doji, harami or engulfing candlestick) around these timings and place our orders accordingly. If the patterns are not showing a clear buy/sell confirmation then we may want to wait for an indicator buy/sell confirmation or simply wait for a better signal next time around. Click HERE to learn more about trading these signals.
Happy Trading
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